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Former Paradise Club location to become bank

The Paradise Club in Grand Chute is seen, Oct. 23, 2013. (Photo by: FOX 11).
The Paradise Club in Grand Chute is seen, Oct. 23, 2013. (Photo by: FOX 11).

GRAND CHUTE, WI (WTAQ) - There are plans to replace a long-time Fox Valley strip club with a bank.

Bank First, a subsidiary of First Manitowoc Bancorp, Inc., says they want to build their first Appleton-area branch at the site of the former Paradise Club. That's located at 4201 W. Wisconsin Avenue.

"Bank First's strong and stable performance has provided us the resources to construct a new office in the Appleton area," bank president and CEO Mike Molepske said in a news release. "It bridges the gap between our Green Bay and Oshkosh offices and allows our relationship managers the opportunity to build further relationships in the Fox Valley area."

Last year, a developer purchased the one-acre property just north of the Fox River Mall where the Paradise Club stood for decades. Court documents show that the Paradise Club was one of seven properties by the same owner foreclosed on in July.

Meantime, Bank First plans to open that location as a branch later this year. Their plans still need regulatory and municipal approval.

(Additional reporting from FOX 11).